Russian boom attracts overseas investors

Russia is becoming one of the most attractive emerging economies for investors, the Wall Street Journal has reported. It said new money has continued to flow into Russia-focused equity funds for the ninth week out of ten.

The paper was comparing Russia with the rest of so-called BRIC countries: Brazil, India and China.

It said that despite more than $US 6 billion of withdrawals from market funds in these countries, Russia continued to receive investments.

Commenting on the article, Chris Weafer, chief strategist at the Uralsib Financial Corporation, said that it showed investors are more enthusiastic about Russia.